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20130204
20130212
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KCSM (PBS) 5
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Search Results 0 to 4 of about 5
PBS
Feb 7, 2013 7:00pm PST
deficit for a second straight month in december, that is the first time since 1985 that the current account balance turned to the red for two consecutive months. finance ministry officials say the current account deficit for december about $2.8 billion. the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985. the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers at the bank decided to keep the key interest rate unchanged. it's at record low level to support europe's ailing economy. the members of the central bank decided the rate should be maintained at 0.75% for a seventh month in a row. european central bank president draghi said the decision is essential to support the region's economic activity which remai
PBS
Feb 5, 2013 7:00pm PST
was in a deficit by about $4.7 billion. the surplus in the primary balance is a key milestone in greece's efforts to restore its fiscal health. but the greek public is largely unhappy with the government's measures. major labor unions across the country are calling for a general strike later this month. >>> u.s. justice department officials have demanded $5 billion in damages from standard & poor's. they say the credit rating agency caused losses to investors by giving high scores to mortgage-backed securities. department officials said they filed the civil lawsuit against the credit rating agency. they claim the s&p knew the housing market was at risk in 2007. they say they inflated their ratings of loans and other financial products to avoid losing clients. >> s&p misled investors, including many federally insured financial institutions, causing them to lose billions of dollars. this alleged conduct is egregious. and it goes to the very heart of the recent financial crisis. >> the officials said investors trusted s&p ratings and suffered losses of at least $5 billion and they want that money ba
PBS
Feb 7, 2013 6:30pm PST
it far easier for ireland to bring down its budget deficit. >> german carmaker diamond has reported record sales for 2012, but it did miss its profit target. timeless says profits were 8.6 billion euros, which is below its 2011 results -- daimler says profits were 8.6 billion euros. >> weak demand in europe weighed on the mercedes luxury car division. they did boost the bottom line by selling a stake in the eads and aerospace group. the company also announced measures to increase its presence in china. the german foreign minister is in the philippines on a mission to boost trade ties. berlin has had frosty relations with manila ever since a trade dispute in the 1990's. >> westerwelle said to some to put that behind the two countries and rebuild relations. germany is manila's biggest trading partner, and strong growth between the two is expected. >> it is the first time in more than a decade that a german foreign minister has paid a visit to the philippines. during talks with his counterpart in manila, the finance minister said they were eager to do more business with the pacific nat
PBS
Feb 8, 2013 6:30pm PST
. also thanks to a positive development of the u.s. trade deficit. but still, traders are not heading into the weekend in a positive mood. outlooks that companies have been giving, and of course on the trading week, were not convincing, and that is why the dax lost more than 2% in the course of this trading week. >> a quick look at the market numbers now -- the dax closed up 5.81%. the euro stoxx 50 gain more. in new york, the dow is going up by about 0.3%. the bureau is now trading at one -- $1.3358, slightly down. >> talk about going against the mainstream -- the ceo of volkswagen says he wants to take a pay cut even though under the company's rules, his salary should be going up by millions. >> he told the german magazine that it is not possible to justify a pay package of 20 million euros to ordinary people. vw is about to enter into wage talks with production staff. in 2011, he was the highest paid ceo in germany. >> china is continuing to expand its role as the workshop of the world with, according to its own figures, exports growing 25% in january compared to the same time last
PBS
Feb 10, 2013 6:00pm PST
to the congressional budget office, the deficit is shrinking and will continue for a while, but it will increase later because of an aging population and expansion of federal subsidies. cbo is predicting that by 2023, ifs continue -- if current laws continue, it will be on an upward path and tell that to your children and grandchildren. >> paul krugman has convinced a lot of my liberal friends that it is okay to kick this down the road. >> he actually used those words. >> terrible idea. it courts all kinds of disasters. sounded -- the interest rate spikes. it takes a long time to fix these problems. sequestration is a crude, ugly tool, but if it had the effect of making people get serious about entitlement reform, it would not be so bad. >> colby, what do you think? >> going back to charles' column, he says that it is the first time since the election the president obama has been on the defense. i don't think that is true. i agree with mark on this, that republicans will bear the brunt of this initially because they are seen as the obstructionists. looking at it in sheer political terms, this as globa
Search Results 0 to 4 of about 5